- TETFund has alleged that a whopping N359 billion was withdrawn from its account without proper explanation and due process
- The board said the withdrawal was made for non-education reasons during the administration of former president Goodluck Jonathan
- TETfunds executive secretary Suleiman Bogoro made the stunning revelation when the House committee on tertiary education visited the board
Tertiary Education Trust Fund (TETFund) has accused former president Goodluck Jonathan's government of withdrawing N359 billion from its account in 2013 without following the necessary process.
The scheme made this known on Tuesday, March 3, through its executive secretary Suleiman Bogoro when Aminu Suleiman-led House committee on tertiary education paid a courtesy visit to the board in Abuja.
Bogoro further alleged that there was no proper consultation and explanation on where the money was channelled to, thus affecting the funding of the tertiary institutions in the country, The Guardian report.
He said the board was forced to write the National Assembly and the Ministry of Finance to recover the money which he said was withdrawn for non-education reason amid graft allegation against his person.
Bogoro also disclosed that N10 billion meant for the funding of Nigerian tertiary institutions was withdrawn without proper explanation while "about N128 billion taken out in one tranche that had nothing to do with education."
The TETfunds boss pleaded with the lawmakers to help recover the money before the year runs out, adding that the move will help bring its account to balance.
The former university don said 80 per cent of lecturers in tertiary institutions are PhD holders.
Meanwhile, Legit.ng had reported that Abubakar Malami, the minister of justice and Attorney-General of the Federation (AGF) has debunked viral claims that the federal government is planning to give the sum of $100 million from Abacha's loot to Governor Atiku Bagudu of Kebbi.
Describing the report as false, Malami said that it is only the fabrication of detractors of the Nigerian government.
There were online reports that the administration of former president Olusegun Obasanjo agreed to give Governor Bagudu the said sum for his efforts in the recovery of public assets looted by General Sani Abacha, a one-time military head of state.
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